DUBLIN--(BUSINESS WIRE)--The "Medical/Hospital Beds Market by Product (Bed, Accessories), Technology (Power, Manual), Type of Care (Curative, Rehabilitation), Healthcare Facilities (Critical, Bariatric, Long-term, Paediatric, Maternal, Home Care) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The growth in the medical/hospital beds market is mainly attributed to the growing prevalence of chronic diseases, growing number of hospitals, impact of COVID-19 pandemic, and launch of technologically advanced beds. In addition, evolution of smart and robotic beds, growing demand for beds at homecare settings, emerging economies, and growing medical tourism provide significant opportunities for vendors across the globe.
The global medical/hospital beds market study presents historical market data in terms of value & volume (2018 and 2019), estimated current data (2020), and forecasts for 2027 by medical/hospital beds market by product (medical/hospital beds, accessories), technology (powered (electric, semi-electric), manual), type of care (curative, long term, rehabilitative), and healthcare facility (critical care unit, bariatric care unit, long-term care unit, med surg care unit, pediatric care unit, maternal care unit, and home care facility). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the product type, medical/hospital beds segment is estimated to dominate the overall market in 2020, with the rising demand for ICU beds due to COVID-19 pandemic, growing hospitalization rate and emergency cases, and focus of vendors to boost the production across the globe. On the other hand, the accessories segment is expected to grow at the fastest growth rate due to high demand for customized accessories for the presently installed beds; growing need to meet the gap between hospitalized patients & availability of accessories due to growing number of infectious diseases across the globe; and future demand generated out of installation of new beds.
Based on technology, the powered beds segment is expected to grow at the fastest rate during the forecast period, due to growing adoption of electric & semi-electric beds owing to their advanced features.
Based on type of care, the curative care segment commanded the largest share of the overall medical/hospital beds market, due to greater adoption of medical beds for curative treatment of acute and chronic illnesses in hospitals. However, the long term care segment is expected to grow with rapid CAGR during the forecast period.
Based on healthcare facility, the home care settings segment is growing at the fastest growth rate, which is mainly attributed to the rising healthcare cost at hospitals, focus of patients towards adopting home care settings, and greater preference for home care by the rapidly aging population across the globe.
An in-depth analysis of the geographic scenario of the medical/hospital beds market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Europe commanded the largest share of the overall medical/hospital beds market in 2019, followed by North America, Asia-Pacific, Latin America, and Middle East & Africa.
Market Dynamics
Drivers
- Increasing Elderly Population Coupled with Growing Prevalence of Chronic Diseases
- Growing Number of Hospitals
- Launch of Technologically Advanced Beds
Restraints
- Growing Preference for Minimally Invasive Surgeries
- Declining Number of Beds in Public Hospitals
Opportunities
- Smart Beds and Robotic Beds to offer New Growth Avenue
- Growing Demand for Beds in Homecare Settings
- Significant Opportunities from Developing Economies
- Growing Medical Tourism
Trend
- Transition from Acute Care to Long Term Care
Companies Mentioned
- Gendron Inc. (U.S.)
- Getinge AB (Sweden)
- Hill-Rom Holdings Inc. (U.S.)
- Invacare Corporation (U.S.)
- Joerns Healthcare LLC. (U.S.)
- Joh. Stiegelmeyer GmBH & Co. KG (Germany)
- LINET Group SE (Czech Republic)
- Malvestio Spa (Italy).
- Medline Industries Inc. (U.S.)
- Paramount Bed Holdings Co. Ltd. (Japan)
- Savion Industries (Israel)
- Span-America Medical Systems Inc. (U.S.)
- Stryker Corporation (U.S.)
For more information about this report visit https://www.researchandmarkets.com/r/ihaat2
